No Dissolution. The Investing Pool shall not be dissolved by the admission of Members. The death, insanity, retirement, resignation, expulsion or dissolution of any Member, or the occurrence of any other event that terminates the continued membership of a Member in the Investing Pool, shall not in and of itself cause the Investing Pool to be dissolved or its affairs to be wound up. Upon the occurrence of any such event, to the fullest extent permitted by law, the business of the Investing Pool shall be continued without dissolution. The bankruptcy (as defined in Sections 18-101(1) and 18-304 of the Act) of a Member shall not cause such Member to cease to be a member of the Investing Pool, and upon the occurrence of such an event, the Investing Pool shall continue without dissolution.
Appears in 13 contracts
Sources: Limited Liability Company Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Limited Liability Company Agreement (iShares GSCI Commodity-Indexed Investing Pool LLC), Limited Liability Company Agreement (iShares GS Commodity Natural Gas Indexed Investing Pool LLC)